ACH Services are delivered to you via I-Corp. ACH Services allow you to make direct deposit payroll, pay dividends, make interest and pension payments, coordinate cash concentrations from remote locations, accept membership dues, rental payments, donations, and business to business payments.
These preauthorized transactions are made by entering the information on the system and a file is created and transmitted to the bank. The bank formats the transaction into a NACHA approved file and sends it to the Federal Reserve Bank.